Hello Dear Swing Traders!
The bullish impetus from the counter trend at the end of last week might have caused the moods hesitation. With a proper retracement we nearly had a continuation on Monday...but for the trap arisen all of a sudden above 19600. And the picture has so far been rewritten completely. The horizontal channel does not 100% need a break of its upper border, whereas once the price dives underneath that small counter trend line in a 4-hour timeframe, the market is likely to face the down break of 18K as well as the entire big bull trap formation finalizing. Thus, the vacant road to 1-2K will be on your palm.
Yours,
ICBF Swinger Dagmar
The bullish impetus from the counter trend at the end of last week might have caused the moods hesitation. With a proper retracement we nearly had a continuation on Monday...but for the trap arisen all of a sudden above 19600. And the picture has so far been rewritten completely. The horizontal channel does not 100% need a break of its upper border, whereas once the price dives underneath that small counter trend line in a 4-hour timeframe, the market is likely to face the down break of 18K as well as the entire big bull trap formation finalizing. Thus, the vacant road to 1-2K will be on your palm.
Yours,
ICBF Swinger Dagmar